Ttm Technologies Inc Stock Price, News & Analysis

SANTA ANA, Calif., July 29, 2021 - TTM Technologies, Inc. (NASDAQ:TTMI), a leader in printed circuit board (PCB) manufacturing, announced participation in several upcoming virtual investor conferences. The events include the Jefferies Industrials Conference on August 3 at 3:00 PM ET, the Needham Industrial Technologies 1x1 Conference on August 9, and the Jefferies Semiconductor, IT, Hardware and Communications Infrastructure Summit on August 31. Each presentation will be webcast live on TTM's website, with replays available for a limited time.

TTM Technologies, Inc. (NASDAQ:TTMI) reported second quarter 2021 results, revealing net sales of $567.4 million, a slight decrease from $570.3 million in the prior year. The company achieved a GAAP net income of $28.3 million, or $0.26 per diluted share, significantly up from $9.3 million, or $0.09 per diluted share, a year earlier. Non-GAAP net income was reported at $40.0 million, or $0.36 per diluted share. Despite challenges from COVID-19, operating cash flow was strong at $56.9 million. Looking ahead, TTM expects third quarter revenues between $530 million to $570 million.

TTM Technologies, Inc. (NASDAQ:TTMI) will host a conference call on July 28, 2021, at 4:30 p.m. ET to discuss its second quarter fiscal year 2021 performance. The financial results will be released after market close the same day. Investors can access the call by dialing 800-367-2403 or internationally at 334-777-6978 (ID 3384553), and it will also be available via simulcast on the company's website for one week post-event. TTM is a leading global printed circuit board manufacturer, known for its quick-turn and volume production services.

TTM Technologies (NASDAQ:TTMI) announced the appointment of Ms. Pamela B. Jackson as a Class III director, pending approval from the United States Defense Counterintelligence and Security Agency. Ms. Jackson's extensive experience includes her role as Vice President of Technology at Emerson Electric Company, where she led product development and engineering initiatives. Her onboarding is expected to enhance TTM's Board capabilities, especially as the company aims to grow its design-to-specification business. Ms. Jackson holds multiple degrees, including from MIT and Boston University.

TTM Technologies, Inc. (NASDAQ: TTMI) announced the retirement of Robert E. Klatell as Chairman of the Board, in accordance with the mandatory retirement policy for Directors at age 75. Klatell served as a Director since 2004 and Chairman since 2005. Rex D. Geveden, appointed as the new Chairman, has been a Director since 2018 and is currently the President and CEO of BWX Technologies. His background in industrial technology and the aerospace sector is expected to enhance the Board’s capabilities as TTM focuses on strengthening its position in the PCB industry.

TTM Technologies, Inc. (Nasdaq: TTMI) has been honored with the "25-years Special Contribution Suppliers" award by United Automotive Electronic Systems Co., Ltd. (UAES) for its consistent support and quality in providing PCB solutions. This recognition highlights TTM's long-standing partnership with UAES, dating back to 1999, and its role in delivering innovative products and services. The award was presented at the UAES Supplier Conference on March 12, 2021. TTM aims to continue its collaborative growth with UAES while emphasizing its commitment to customer satisfaction.

SANTA ANA, Calif., May 10, 2021 – TTM Technologies, Inc. (NASDAQ:TTMI), a global leader in printed circuit boards and RF components, announced its management will attend several upcoming virtual investor conferences. Key events include: the Goldman Sachs Credit and Leveraged Finance Conference on May 17 at 2:55 PM ET, the Needham Technology and Media Conference on May 18 at 3:00 PM ET, and more. All presentations will be available for live streaming on the company's website, with replays accessible for a limited time.

TTM Technologies, Inc. (TTMI) reported first quarter fiscal 2021 net sales of $526.4 million, up from $497.6 million in Q1 2020. The company recorded a GAAP net loss of $3.2 million or ($0.03) per diluted share. Non-GAAP net income was $25.3 million, or $0.23 per diluted share, exceeding last year's $16.7 million. TTM generated $41.1 million in cash flow from operations and successfully completed a $500 million Senior Notes offering, enhancing its financial position. Looking ahead, TTM anticipates revenue between $525 million and $565 million for Q2 2021.

TTM Technologies, Inc. (NASDAQ:TTMI) will host a conference call on April 28, 2021, at 4:30 p.m. ET to discuss its first quarter fiscal year 2021 performance. The financial results will be available after market close on the same day. Investors can join the call by dialing 800-367-2403 or 334-777-6978 (ID 7087128). It will also be simulcast on TTM's website and accessible for a week post-event. TTM Technologies specializes in high-volume printed circuit boards and RF components, focusing on rapid product development and market entry.